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(Alliance News) - Trinity Exploration & Production PLC on Thursday hailed progress off the West Coast of Trinidad as it returned the ABM-151 well in the Brighton Marine block to production.
Trinity Exploration is a Trinidad & Tobago-focused independent exploration and production company, with assets onshore and offshore on both the East and West Coasts.
It anticipated steady-state production from ABM-151 in the range of 60 to 110 barrels of oil per day. The well will be managed closely in the coming weeks to achieve stabilised production rates within the target guidance.
"I am delighted that we have ABM-151 back in production. We have been looking at ways to boost production across our asset base and identified ABM-151 as a well where we could achieve quick, effective results. ABM-151's initial performance underlines the potential of our West Coast assets, where we have a number of infill and appraisal opportunities to mature as we look to increase production across the asset base," said Chief Executive Officer Jeremy Bridglalsingh.
He added: "The Jacobin well is an important catalyst for Trinity, significant in itself but also the first part of an extensive play where we have mapped multiple further independent targets across our existing, relatively mature, onshore acreage as well as having further relevance with respect to the Buenos Ayres block which we have bid for in the onshore bid round."
Trinity Exploration & Production shares were flat at 84.00 pence each in London on Thursday afternoon.
By Holly Beveridge, Alliance News reporter
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